Matthew told the manager of his gas station to always adjust prices to match those charged by the other convenience store across the street. Matthew is using a ________ pricing strategy.
A)maximizing profits
B)target profit
C)target return
D)status quo
E)sales

Question

Quizplus · Accepted Answer

Matthew is using a status quo pricing strategy, which involves keeping prices the same as the competition. This strategy aims to maintain market share and avoid price wars.

Matthew Told the Manager of His Gas Station to Always